Thursday, May 13, 2010

D'oh, why does the mob always want it's money back?

Here's one - I'll bet - that shocked everyone. P-BOcare is going to be more costly than expected. How can a 2,000 page bill that nobody read, that was passed in the middle of the night be more expensive than estimated? Didn't the CBO score the bill at less than a trillion? A trillion being the metaphoric deadly waterfall that P-BO refused to paddle his canoe over. Yes of course CBO scored the bill at under a trillion because that's what P-BO wanted. Now that the bill has passed, the CBO has 115 billion in costs that it missed in the rush to pass P-BOcare. Seems the Grand Nan was right - for once. We had to pass the bill to see all of the hidden costs.

Now, is anyone talking about investigating the CBO for this fraud?

But don't worry. Those things that the CBO just discovered are all discretionary spending - meaning congress need not appropriate money for them if it thinks we cannot afford them. Sure just like they always do. Those stingy tight wads in congress refuse to spend our money on anything these days.

Congressional stinginess is why we have this story about the US being even broker than we thought. We don't have any money even after the April tax season. It's sort of like young Lex who wanted an expensive guitar. He swore he'd work to pay it off. But alas, every job was more difficult than watching tv and playing video games. So the work dried up pretty fast. Now jr. is paying the guitar off in allowance money. So for two years, he supposedly won't have ten cents to his name.

Well the US government just got its allowance and its gone before the tax receipts are counted up . Don't worry. We still managed to send Greece 50 billion dollars we don't have. That would be like jr. loaning his buddy Thomas $5. I suppose he could do it, but where does the money come from when you don't have any? Well the big difference between jr. and the U.S. government is that jr. is smarter. The other big difference is that the government can print money.

Imagine if 13 year olds could print their own allowance money. Wait, you don't have to imagine. The mental equivalent of 13 year olds are running the country. So they are buying up every gadget they can find and printing money to pay for it.

Imagine if jr. took out a loan from the school bully and drug dealer to support his spending? Wait you don't have to imagine. Our clever government has run up its debt by borrowing from the ChiComs who are the international equivalent of the school yard bully and drug dealer.

So what can go wrong. In jr.'s case nothing. He didn't borrow the guitar money from the school bully and drug dealer. He borrowed it from mom, which may be worse in many ways except he doesn't have to worry about getting his thumbs broken or paying off the debt by running drugs on the weekend. On second thought, the only thing he doesn't have to worry about with mom is the drug running thing.

OK to recap:

We're broke

To pile one stupidity on top of another, we're broke; we got paid our allowance today but we're still broke.

To pile another stupidity on top of the other stupidities, we're broke; we got paid our allowance today but we're still broke; so we borrow money from the international bully the ChiComs.

To pile another stupidity on top of the other stupidities, we're broke; we got paid our allowance today but we're still broke; so borrowed money from the international bully the ChiComs and we loaned the borrowed money to the Greeks so they can keep their heads above water for another month. After that we'll - no doubt - borrow more money for them.

For crying out loud, these are the kind of messes Homer Simpson gets himself into. Yet the MSM insists on telling us how smart this empty suit is. Thank God we have super genius and tax cheat Geithener to guide us through this mess. Otherwise it would seem to me that we should stop borrowing and spending so much.

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